Rockefeller Capital Management L.P. Purchases 21,646 Shares of HP Inc. (NYSE:HPQ)

Rockefeller Capital Management L.P. increased its position in HP Inc. (NYSE:HPQ) by 28.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,278 shares of the computer maker’s stock after purchasing an additional 21,646 shares during the period. Rockefeller Capital Management L.P.’s holdings in HP were worth $3,172,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of HPQ. Geode Capital Management LLC grew its holdings in shares of HP by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 25,350,016 shares of the computer maker’s stock valued at $825,398,000 after buying an additional 579,525 shares during the last quarter. Pacer Advisors Inc. increased its holdings in HP by 4.2% during the 4th quarter. Pacer Advisors Inc. now owns 14,776,697 shares of the computer maker’s stock worth $482,164,000 after purchasing an additional 592,391 shares in the last quarter. Invesco Ltd. raised its stake in shares of HP by 7.3% in the fourth quarter. Invesco Ltd. now owns 9,511,218 shares of the computer maker’s stock worth $310,351,000 after purchasing an additional 643,192 shares during the last quarter. Norges Bank bought a new position in shares of HP in the fourth quarter valued at approximately $229,320,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of HP by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,833,728 shares of the computer maker’s stock valued at $222,985,000 after buying an additional 90,606 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Buying and Selling

In other news, insider Anneliese Olson sold 21,545 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $28.49, for a total transaction of $613,817.05. Following the completion of the sale, the insider now owns 169 shares of the company’s stock, valued at approximately $4,814.81. This represents a 99.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stephanie Liebman sold 15,646 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $29.00, for a total transaction of $453,734.00. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.

HP Stock Up 1.3 %

Shares of NYSE HPQ opened at $23.77 on Friday. The business has a 50-day simple moving average of $28.56 and a two-hundred day simple moving average of $32.74. The company has a market cap of $22.41 billion, a P/E ratio of 8.46, a P/E/G ratio of 2.96 and a beta of 1.09. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.80.

HP (NYSE:HPQ) last announced its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.74. The business had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. Equities research analysts anticipate that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a $0.2894 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.87%. HP’s dividend payout ratio (DPR) is 41.37%.

Wall Street Analyst Weigh In

HPQ has been the topic of several recent analyst reports. Barclays lifted their price objective on shares of HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. TD Cowen reduced their price objective on shares of HP from $39.00 to $38.00 and set a “hold” rating for the company in a research report on Friday, February 28th. Morgan Stanley dropped their target price on shares of HP from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, February 28th. Sanford C. Bernstein upped their target price on HP from $32.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Finally, StockNews.com lowered HP from a “buy” rating to a “hold” rating in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, HP currently has a consensus rating of “Hold” and an average target price of $34.00.

About HP

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.